Replies to post #33903 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I think Bill Gross is wrong, period, maybe the Fed will not follow my advice and raise the rates, but there is absolutely nothing to be gained from further lowering the rate, it is pushing on a string.

Zeev

[milton]

Bill Gross, the head of PIMCO bond fund said about a week ago that in his view a .50 cut was a done deal for the next fed meeting.

That couldn't just be because he wants bonds to keep rallying, could it? <gg>

[mlsoft]

"Bill Gross, the head of PIMCO bond fund said about a week ago that in his view a .50 cut was a done deal for the next fed meeting."
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I think he is correct, but also think that they may be forced to act before the next meeting, election or not.

Just my opinion, though.

mlsoft